Urgent query regarding tomorrow ipcc exam
Querist : Anonymous
Querist : Anonymous
**Regarding SEBI’s minimum buyback percentage change from 25% to 15%:**
* The SEBI circular reducing the minimum buyback from the open market from **25% to 15%** was issued in **September 2014** (SEBI Circular No. SEBI/CFD/DIL/CG/ CIR/2014/75 dated 22 Sept 2014).
* This change **was effective and applicable** well before November 2014 exams.
* So, for your **November 2014 IPCC exam**, you should consider the revised **minimum buyback percentage as 15%** from the open market.
---
**Bottom line:**
Yes, the revised 15% minimum buyback rule is applicable for the November 2014 IPCC exam.
If you want, I can help you with a brief summary or notes for this topic for your exam tomorrow. Good luck!
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